Stellar Development Foundation joins SatoshiPay as strategic investor

We are excited to announce a new chapter in our partnership with San Francisco-based Stellar Development Foundation (SDF): A strategic investment of $550k by SDF’s Enterprise Fund, supporting our future growth and product development. Also read SDF’s press release.

A long-term partnership

In the spirit of the open technology community, we give back generously to the ecosystem that helps us grow. Here are a few of our contributions:

The SDF transaction

Following our fellow Berliners DSTOQ and Silicon Valley-based Abra, this is the third investment of SDF’s 8 billion XLM Enterprise Fund, which was announced at the Meridian conference in Mexico City last November and aims to supply direct venture-style funding to companies growing the Stellar network.

To receive SDF’s funds we set up a Stellar account that is managed by multiple co-signers — to comply with our company policy requiring us to have the consent of at least two people before funds can be moved. We did this using our Solar wallet software, which ensures that each co-signing person is notified of new outgoing transactions, so they can approve them by using their personal secret access key that is only accessible by them.

Using the tools we’ve built on top of Stellar’s open, inclusive financial ecosystem to serve our daily business needs, gives us a glance of a financial future that is fully decentralised. We are glad to be pioneering this future.

Instant B2B money transfers

Check out our B2B website and make sure to register your interest in the service, so we can let you know once it’s live. We also came up with a really cool name (we think!) for the new service, which we will reveal shortly. So, stay tuned!

Follow us on Twitter @SatoshiPay, to get our latest updates within seconds. :)

The SatoshiPay team

Connecting the world through instant payments